Shrimp exports are targeted at US $ 4.2 billion in 2019

In 2019, shrimp production and processing industry must achieve export value of 4.2 billion USD to export turnover of the whole fishery sector to reach the target of 10 billion USD.

Shrimp exports are targeted at US $ 4.2 billion in 2019.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in 2018, shrimp exports dropped by nearly 8% to only 3.55 billion USD. Therefore, although shrimp exports accounted for the highest value, the proportion of total exports decreased from 46% in 2017 to 40% in 2018.

The Vietnam Association of Seafood Exporters and Processors said that shrimp has had a year of unstable growth. The reason is that in the past year, shrimp production and processing industry faced many difficulties when there was no good control of raw materials, the use of banned antibiotic chemicals in breeding as well as impurities control pump was not well controlled.

In addition, the competitiveness is weak when Vietnam’s shrimp price is still higher than other countries in the region. Along with the price increase of input cost factors also affect the price and competitiveness of shrimp processing industry.

According to VASEP, the whole year 2018, the fishery sector increased by 6%, which is relatively low compared to the actual capacity. While this industry can achieve a growth rate of 10-12%. With potentials that have not been fully promoted and upcoming commercial advantages, the goal of bringing seafood export turnover to USD 10 billion is entirely possible.

In 2019, each sector must fulfill its own goals to ensure common goals. Of which, 4.2 billion USD is the “mission” of the shrimp industry. Completing the target of the shrimp industry will help the fisheries sector move closer to the target of 10 billion USD.

Cre: Tạp chí Thủy sản Việt Nam